The US Dollar appreciated 0.66% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located above the trend-line near the weekly R1 at the 113.98 mark.
In regards to the near future, the rate will surge to the weekly R1 at the 114.13 mark but should bounce off it due to its resistance. Most likely, the rate will move back to the pattern to trade at the 113.60 level during the day.
On the other hand, the might break the resistance of the weekly R1 at the 114.13 level to move upwards to the weekly R2 at the 114.56 mark.
